Question: Question 1 of 2 > - 75 E View Policies Current Attempt in Progress Ayala Corporation accumulates the following data relative to jobs started and

 Question 1 of 2 > - 75 E View Policies Current
Attempt in Progress Ayala Corporation accumulates the following data relative to jobs

Question 1 of 2 > - 75 E View Policies Current Attempt in Progress Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Raw materials unit cost Raw materials units Direct labor payroll Direct labor hours Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour Actual $2.00 11.200 $177,310 14.900 $225,608 Standard $1.80 10.800 $170.240 15.200 $228,608 41,500 $62.250 $3.20 $1.50 Overhead is applied on the basis of standard machine hours. 3.20 hours of machine time are required for each direct labor hour. The obs were sold for $500,000. Selling and administrative expenses were $41.400. Assume that the amount of raw materials Durchased equaled the amount used. to 2 decimal places, eg. 52.75 and Question 1 of 2 5 E purchased equaled the amount used. (a) Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit values to 2 decimal places, eg 52.75 and final answers to decimal places, s. 52.) (1) $ $ $ ho Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance (2) $ $ $ eTextbook and Media List of Accounts Attempts: 0 of 5 used Submit Answer Save for Later (b) available when you complete the part above

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